Tribal Group PLC Issue of Equity (9553N)
26 Maggio 2020 - 02:07PM
UK Regulatory
TIDMTRB
RNS Number : 9553N
Tribal Group PLC
26 May 2020
26 May 2020
Tribal Group plc
("Tribal", the "Company" or the "Group")
Issue of Equity and Total Voting Rights
Tribal (AIM: TRB), a leading provider of software and services
to the international education market, announces that it has issued
1,339,286 new ordinary shares of 5p each in the capital of the
Company ("Consideration Shares") in satisfaction of the deferred
consideration for the acquisition of Tribal Campus Pty Limited
(formerly Sky Software Pty Limited). The Consideration Shares have
been issued following the achievement of the performance condition,
which was measured over a period of three years from acquisition,
which was announced on 30 June 2017.
Application has been made for the 1,339,286 Consideration Shares
to be admitted to trading on AIM ("Admission") and it is expected
that Admission will occur on or about 1 June 2020. The
Consideration Shares will rank pari passu in all respects with the
existing ordinary shares of the Company.
Total voting rights
The total enlarged issued share capital of the Company following
Admission will be 205,548,309 ordinary shares. The Company does not
hold any ordinary shares in treasury. Therefore, the total number
of ordinary shares in the Company with voting rights will be
205,548,309. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Disclosure
and Transparency Rules of the UK Financial Conduct Authority.
Enquiries:
Tribal Group plc Tel: 0117 311 5293
Mark Pickett, Chief Executive Officer
Paul Simpson, Acting Chief Financial Officer
Investec Bank plc Tel: 020 7597 5970
Sara Hale
Virginia Bull
Will Godfrey
N+1 Singer Capital Markets Limited Tel: 020 7496 3000
Shaun Dobson
Tulchan Communications LLP Tel: 020 7353 4200
James Macey White
Matt Low
About Tribal Group plc
Tribal Group plc is a pioneering world-leader of education
software and services. Its portfolio includes Student Information
Systems; a broad range of education services covering quality
assurance, peer review, benchmarking and improvement; and student
surveys that provide the leading global benchmarks for student
experience. Working with Higher Education, Further and Tertiary
Education, schools, Government and State bodies, training providers
and employers, in over 55 countries; Tribal Group's mission is to
empower the world of education with products and services that
underpin student success.
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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